1xBit to support Luna and UST as payment methods

1xBit to support Luna and UST as payment methods" title="1xBit to support Luna and UST as payment methods" />

Luna and UST, the main tokens in the Terra ecosystem, recently enlisted in 1xBit as a means of depositing funds.

1xBit, a cryptocurrency casino platform famous for its pioneering approach to cryptocurrency gambling, recently made an addition with Earth altcoins. With the addition of Luna and TerraUSD, 1xBit has expanded its comprehensive cryptocurrency payment method options to provide convenient access to its followers.

It's easy to see why users would adopt it too: the tokens have an elastic monetary policy, giving it perfect stability for day-to-day transactions of this caliber (e.g. instant deposits and withdrawals of funds to place bets on a crypto casino).

This policy makes it impervious to the high volatility common to regular cryptocurrencies. While traditional digital currencies like Bitcoin, Ether and Solana have their own advantages among cryptocurrency traders – exploiting volatility when trading them against other stable currency pairs – they are not very well suited for the casual utilities of fiat currencies, and this is where Earth altcoins come to the fore.

Advantages of Luna and UST

Luna as the main token of Terra's ecosystem, in addition to having a mechanism to maintain a stable price, serves as a guarantee to maintain the value of another stablecoin on Terra's network, TerraUSD (UST).

To avoid unpleasant surprises from price spikes in cryptocurrencies, the Terra platform offers casino players the alternative of a token with a fixed value and transaction facility of blockchain-powered digital assets at the same time – UST. This stablecoin is hedged with Luna to reduce price volatility.

Additionally, Luna works as a reward token. It is issued to validators on the Terra network to successfully add a new block (set of transactions) to the blockchain.

Luna holders who have no intention of trading their assets in the near future, have the opportunity to earn passive income by betting on the Terra protocol. They enjoy a return on investment of 5% of the principal stake annually.

Benefits of betting on 1xBit

Multiple Payment Options: In terms of cryptocurrency payment options, 1xBit trumps most cryptocurrency casino alternatives on the market. With over 45 cryptocurrencies supported, including Luna and UST, the challenge of customer conversion due to availability of payment methods is almost negligible.

Easy Registration: This casino focuses on taking the sting out of new, up-and-coming players on its platform. The 1xBit registration process is simple. Only an email address is required. No identification or know your customer (KYC) procedures. New users start playing their favorite games right away in a matter of seconds.

Generous Welcome Bonus: 1xBit has some enticing bonuses to encourage new user registrations. On the first four deposits, players have a chance to win up to 7 BTC.

Instant Payouts: Players can withdraw their winnings instantly. No waiting periods or delays.

Now that Luna is available at 1xBit, making payments is even easier. This is a great opportunity to place bets safely, be sure to check out Luna and UST!